Can I retire at age 64 with 16,500,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $16,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,286,016
2 years$674,532$661,969$649,794$637,990$626,540$596,759
3 years$445,221$432,604$420,460$408,766$397,502$368,589
4 years$330,588$318,010$305,987$294,493$283,502$255,678
5 years$261,826$249,324$237,459$226,199$215,514$188,858
6 years$216,000$203,592$191,902$180,893$170,529$145,068
7 years$183,280$170,976$159,471$148,722$138,686$114,425
8 years$158,751$146,558$135,244$124,759$115,053$91,983
9 years$139,683$127,605$116,486$106,267$96,891$74,995
10 years$124,437$112,478$101,555$91,603$82,556$61,810
11 years$111,972$100,132$89,407$79,722$71,001$51,377
12 years$101,592$89,873$79,347$69,927$61,528$42,995
13 years$92,815$81,219$70,891$61,735$53,654$36,178
14 years$85,299$73,826$63,696$54,802$47,032$30,578
15 years$78,790$67,441$57,509$48,873$41,411$25,941
16 years$73,101$61,876$52,140$43,761$36,599$22,074
17 years$68,087$56,986$47,446$39,319$32,451$18,832
18 years$63,634$52,657$43,312$35,434$28,854$16,100
19 years$59,655$48,802$39,650$32,018$25,718$13,790
20 years$56,078$45,349$36,389$28,998$22,972$11,830
21 years$52,846$42,241$33,470$26,318$20,558$10,161
22 years$49,912$39,431$30,848$23,929$18,427$8,738
23 years$47,237$36,879$28,483$21,793$16,541$7,521
24 years$44,789$34,553$26,342$19,876$14,867$6,479
25 years$42,540$32,426$24,398$18,152$13,378$5,585
26 years$40,467$30,475$22,628$16,597$12,051$4,817
27 years$38,551$28,681$21,012$15,192$10,865$4,157
28 years$36,775$27,026$19,533$13,919$9,804$3,589
29 years$35,124$25,496$18,177$12,764$8,852$3,100
30 years$33,587$24,078$16,932$11,714$7,999$2,679
31 years$32,151$22,762$15,785$10,759$7,232$2,315
32 years$30,808$21,537$14,727$9,887$6,541$2,001
33 years$29,549$20,396$13,751$9,092$5,920$1,730
34 years$28,367$19,331$12,848$8,366$5,360$1,496
35 years$27,254$18,335$12,012$7,701$4,855$1,294
36 years$26,206$17,403$11,237$7,092$4,399$1,120
37 years$25,216$16,529$10,518$6,535$3,987$969
38 years$24,281$15,708$9,849$6,023$3,614$838
39 years$23,397$14,937$9,228$5,554$3,277$725
40 years$22,558$14,211$8,649$5,123$2,973$628
41 years$21,763$13,528$8,110$4,726$2,697$543
42 years$21,007$12,883$7,608$4,362$2,447$470
43 years$20,288$12,275$7,139$4,026$2,221$407
44 years$19,604$11,701$6,701$3,718$2,016$352
45 years$18,953$11,158$6,292$3,433$1,830$305
46 years$18,331$10,644$5,910$3,171$1,662$264
47 years$17,738$10,158$5,552$2,930$1,509$228
48 years$17,171$9,697$5,217$2,707$1,370$198
49 years$16,629$9,260$4,904$2,502$1,245$171
50 years$16,110$8,846$4,610$2,313$1,130$148

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $16,500,000, adding $2,636 every year, while hoping to spend $22,158 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 74/19/7 Blend
63$16,500,000$16,500,000$16,500,000$16,500,000
64$18,185,719$17,311,219$17,055,469$19,514,030
65$20,017,086$18,135,893$17,603,251$21,213,760
66$22,034,511$19,000,233$18,168,642$23,072,169
67$24,256,946$19,906,160$18,752,207$25,107,365
68$26,705,280$20,855,687$19,354,531$27,336,827
69$29,402,529$21,850,926$19,976,218$29,779,787
70$32,374,056$22,894,090$20,617,890$32,457,416
71$35,647,812$23,987,503$21,280,192$35,393,017
72$39,254,596$25,133,598$21,963,786$38,612,238
73$43,228,350$26,334,930$22,669,358$42,143,317
74$47,606,475$27,594,174$23,397,614$46,017,339
75$52,430,187$28,914,141$24,149,286$50,268,528
76$57,744,905$30,297,772$24,925,126$54,934,562
77$63,600,679$31,748,157$25,725,912$60,056,929
78$70,052,665$33,268,534$26,552,447$65,681,310
79$77,161,642$34,862,297$27,405,559$71,858,007
80$84,994,589$36,533,008$28,286,104$78,642,411
81$93,625,313$38,284,402$29,194,965$86,095,519
82$103,135,152$40,120,394$30,133,052$94,284,505
83$113,613,735$42,045,092$31,101,308$103,283,351
84$125,159,837$44,062,802$32,100,702$113,173,529
85$137,882,302$46,178,041$33,132,238$124,044,777
86$151,901,078$48,395,546$34,196,948$135,995,925
87$167,348,344$50,720,284$35,295,902$149,135,834
88$184,369,762$53,157,465$36,430,202$163,584,403
89$203,125,849$55,712,552$37,600,986$179,473,704
90$223,793,494$58,391,276$38,809,427$196,949,212
91$246,567,626$61,199,644$40,056,738$216,171,175
92$271,663,057$64,143,959$41,344,172$237,316,112
93$299,316,505$67,230,829$42,673,018$260,578,475
94$329,788,836$70,467,187$44,044,611$286,172,472
95$363,367,518$73,860,300$45,460,327$314,334,076
96$400,369,343$77,417,794$46,921,586$345,323,248
97$441,143,412$81,147,661$48,429,855$379,426,370
98$486,074,433$85,058,289$49,986,648$416,958,947
99$535,586,351$89,158,471$51,593,526$458,268,563
100$590,146,353$93,457,431$53,252,104$503,738,154